Purchasing An Expense Condo? There Is A Manual!

Matters to Start Looking for in an Expenditure Condo

A pal of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had performed 'privately', a decision he regretted for several reasons. As we're talking about his expenditure condo, my head went over the features any investor needs to be searching for when purchasing a condominium, read more.

1 ) ) Location, Location, Loc...
You have heard that before. The major three important issues in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on the own personal use. Does it be easy to spend or can exactly the location hamper your re-sale efforts? If you should be likely to let it out, may be your condo located near public transportation channels? Could be your neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, specifically at central locations such as Down Town, is always at a premium. If you are fortunate enough to rent your investment out condominium reselling a condo without its own parking area is harder.

3) Balcony
Using a number of flat-to-condo conversions underway, it is easy to forget that a balcony is still perhaps one of the absolute most important features requested by customers. With out a location to take a seat down outside, perhaps read a novel at the air or throw a few steak on the'que, owners and renters will probably come to feel trapped inside their condo. Make sure your expense decision condominium has a balcony or, if located around the main floor, it has a patio space, get more info.

4) In-Suite Laundry
Much more important with males, but almost'vital' to female condominium buyers and renters. Having a protected place to do your laundry isalso, at the very least, a'nice to have' feature.

The above 4 features are perhaps the most important types. Based upon Your price range, you may want to consider several further:

Reward: Concrete Developing
Usually a bit expensive, however, worth the purchase price. More quiet, more solid and stable, an investment condo in Singapore with flooring and walls can also make for easier resalevalue.

Reward: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo significantly more comfortable and easier to lease .

Reward: Protected Parking
Especially with our chilly climate, having underground or indoor parking is an often-requested feature, albeit at a price premium

Back for my pal: His private purchase was a exact inadequate deal, as his expenditure condominium had n one of these features. Located in a demanding part of the town, no parking area without a balcony, no insuite laundry and on the floor with no elevator will make this a tough saleat a hot market.